Judge: Insurer’s Claim For $5M Defects Settlement Coverage Made Before Policy

Mealey's (March 27, 2018, 11:14 AM EDT) -- NEW YORK — In a dispute over coverage for a $5 million construction defects settlement, an insurer’s claim arises out of “wrongful acts” alleged in a demand letter made before the inception of a professional liability insurance policy, a New York federal judge ruled March 26 (Colony Insurance Co. v. AIG Specialty Insurance Co., No. 15-3896, S.D. N.Y.)....